Mortgage Rate Predictions – April 21st – Mortgage Rates Hit All Time Low
Posted on | April 20, 2009 | 3 Comments
Last week mortgage rates threw Subprime Blogger quite a headfake. Instead of continuing higher towards 5% mortgage rates fell to 4.82%. Much of this was due to the fact that the Federal Reserve continues to print money to buy back mortgage back securities. With this knowledge, how can mortgage rates go higher? Well, in all reality they can’t. Even if there are a few weeks in which rates bump back up a little bit, they will ultimately continue to fall because of the government’s actions.
Now that we know the government is spending huge somes of money to lower mortgage rates, we cannot go against the trend. This week’s mortgage rate predictions are as follows:
30 Year Fixed Rate Mortgage – 4.77%
If this does happen, it will be the all time low since data has been collected (1971). Get ready to hear news headlines around the clock making sure that you know this is the case! These are definitely artificial interest rates, but take advantage of them while you can.
Tags: 30 year fixed rate mortgage > interest rates > rate > year fixed rate mortgage
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3 Responses to “Mortgage Rate Predictions – April 21st – Mortgage Rates Hit All Time Low”
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April 20th, 2009 @ 8:11 pm
[...] Mortgage Rate Predictions – April 21st – Mortgage Rates Hit All Time Low Possibly related posts: (automatically generated)Bernanke Printing Money Has Helped Drop Mortgage RatesLatest Mortgage Information2.23.2009 Minneapolis Minnesota Mortgage Update: Nationalization Talk for…Mortagage rates at low for you [...]
June 2nd, 2009 @ 6:34 pm
the amount of my loan is for 75,000. monthly payments just jumped from 565 to 797. why??? will they go back down?
June 3rd, 2009 @ 6:23 am
I am not sure why this would be the case; do you have a very high salary? who is your loan backed by?